Hub Group (NASDAQ:HUBG – Get Free Report) issued its earnings results on Thursday. The transportation company reported $0.44 earnings per share for the quarter, topping analysts’ consensus estimates of $0.40 by $0.04, Briefing.com reports. The firm had revenue of $1,000.00 million during the quarter, compared to analysts’ expectations of $1.05 billion. Hub Group had a net margin of 3.28% and a return on equity of 8.47%. The firm’s revenue for the quarter was down 16.7% compared to the same quarter last year. During the same period last year, the firm posted $0.94 earnings per share. Hub Group updated its FY24 guidance to $1.80-$2.25 EPS and its FY 2024 guidance to 1.800-2.250 EPS.
Hub Group Stock Down 0.6 %
HUBG stock opened at $39.93 on Friday. Hub Group has a 12-month low of $31.73 and a 12-month high of $47.58. The company has a quick ratio of 1.29, a current ratio of 1.29 and a debt-to-equity ratio of 0.15. The company has a market cap of $2.51 billion, a price-to-earnings ratio of 18.97 and a beta of 0.89. The company has a 50 day moving average of $41.88 and a two-hundred day moving average of $41.60.
Hub Group Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Wednesday, March 27th. Shareholders of record on Friday, March 8th were given a $0.125 dividend. The ex-dividend date of this dividend was Thursday, March 7th. This represents a $0.50 dividend on an annualized basis and a yield of 1.25%. Hub Group’s payout ratio is 23.75%.
Wall Street Analysts Forecast Growth
View Our Latest Research Report on Hub Group
Hub Group Company Profile
Hub Group, Inc, a supply chain solutions provider, offers transportation and logistics management services in North America. The company's transportation services include intermodal, truckload, less-than-truckload, flatbed, temperature-controlled, and dedicated and regional trucking, as well as final mile, railcar, small parcel, and international transportation.
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